December 2009

US gold futures rose 0.3% on Thursday, registering a ninth straight yearly gain. The yellow metal finished up 24 percent in 2009. In a striking contrast, gold has more than tripped in this decade. Other metals also advanced on the day, with silver rising 0.3%, and platinum climbing 0.5%. New York precious metal figures follow: […]

US bullion prices fell on Wednesday as a stronger dollar lessened investors’ attraction toward gold, and the other metals followed. By close, gold lost 0.5%, silver shrunk 1.8% and platinum declined 1.0%. New York precious metal prices follow: Gold for February delivery declined $5.60 to $1,092.50 an ounce. It ranged from $1,098.70 to $1,086.60. Silver […]

US gold futures retreated 0.9% on Tuesday and for the first time in four days as the greenback gained against other world currencies. The yellow metal typical moves opposite of the dollar. Silver and platinum fell as well, with respective 2.6% and 0.9% losses. New York precious metal figures follow: Gold for February delivery declined […]

New York bullion prices rose slightly in thin Monday trading. London, Canada and Australia markets were closed for the observed Boxing Day holiday. A weaker US dollar was again cited as a precipitating factor in sparking gold’s 0.3% gain. The yellow metal has closed higher for three consecutive sessions. Silver and platinum climbed as well, […]

Little movement was seen in weekly gold and silver prices, but platinum took off after the SEC approved a proposed rule change to list and trade ETF Securities Platinum and Palladium Trusts. Gold was less than exiting during much of the holiday-shortened week until Thursday. The US dollar showed weakness and the yellow metal quickly […]

New York gold futures climbed 0.7% on Wednesday as the US dollar stumbled following a report of lower than expected new home sales — down 11.3% in November, according to the Commerce Department. Crude oil surged to above $76 a barrel, which was also supported gold’s rise. The yellow metal tends to follow oil and […]

US gold futures retreated on Tuesday, pulled down by a strengthened dollar that benefited from positive economic news. The National Association of Realtors said sales of existing homes rose 7.4 percent in November. Additionally, the government reported that the gross domestic product (GDP) rose 2.2% from July through to September. Gold ended down 0.8%. Other […]

US gold futures declined on Monday and notably retreated below $1,100 an ounce for the first time in more than six weeks. Pressuring prices lower was a rising US dollar. Bullion tends to move in the opposite direction of the greenback. Gold fell 1.4%, silver lost 1.6% and platinum declined 0.4%. More New York precious […]

Weekly precious metal prices were mixed in New York with gold falling while silver and platinum registered modest gains. London metals were down across the board. The US dollar hit a three-month high on Thursday, and was cited as the main reason for pulling down gold. Bullion generally moves opposite of the greenback. In New […]

New York gold futures marked a slight gain on Friday as the US dollar’s rally from the prior day faulted, although strength in the greenback began to return and limited the yellow metal’s rise. By day’s end, gold gained 0.4%, silver added 0.7% and platinum advanced 0.2%. New York precious metal figures follow: Gold for […]